IRS Prevails Over Taxpayer In Establishing Last Known Address for Contacting Taxpayer The Facts of the Case Damian and Shayla Gregory moved in 2015. After moving, they filed their 2014 Form … [Read more...] about WHAT CONSTITUTES LAST KNOWN ADDRESS FOR IRS MAILINGS?
IRS Tax Planning Ideas, Tips & News
QUALIFIED OPPORTUNITY ZONES AND FUNDS
Individuals Who Wish to Invest in Certain Low-Income Areas Can Defer Capital Gains Until Year 2026 What Is a Qualified Opportunity Zone (QOZ)? A QOZ is an economically-distressed community … [Read more...] about QUALIFIED OPPORTUNITY ZONES AND FUNDS
ADVANCED PREMIUM TAX CREDIT WOES
Life Events Can Create Unexpected Financial Consequences – Why It Is Important to Communicate With Your Tax Professional Unexpected Bad News Some taxpayers received unexpected news when … [Read more...] about ADVANCED PREMIUM TAX CREDIT WOES
A Day Late
“A day late and a dollar short” is an American idiom that is another way of saying “too little too late” Background Mr. & Mrs. Khafra (122 aftr 2d 2018-6610) went to court and argued … [Read more...] about A Day Late
ACTION STEPS NEEDED IF YOU RECEIVE A BONUS
IRS Announces New Withholding Rate on Bonuses Paid to Employees – Action Steps Required To Avoid IRS Underwithholding Penalty The Good News A company bonus paid to an employee is great news … [Read more...] about ACTION STEPS NEEDED IF YOU RECEIVE A BONUS
IRS ADVISES ITS AUDITORS HOW TO AVOID TAXPAYER’S RIGHT TO GO TO TAX COURT
IRS Challenges Corporate Taxpayers Who Fail to Pay Shareholder Employees a Reasonable Compensation by Denying Taxpayers Access to the Tax Court Background Since 2005, the IRS has focused … [Read more...] about IRS ADVISES ITS AUDITORS HOW TO AVOID TAXPAYER’S RIGHT TO GO TO TAX COURT
